New Delhi, July 2 -- Senate Republicans have passed on July 1 President Donald Trump's massive tax and spending bill after a voting marathon, clearing the way for a final showdown in the House before the July 4 deadline the president set to sign the legislation.

Dubbed the One Big Beautiful Bill Act, the nearly 900-page package would extend Trump's 2017 tax cuts, create new benefits for workers and businesses, roll back clean energy incentives, and impose cuts to safety net programs including Medicaid and food assistance.

State and Local Tax Deduction: Temporarily raises the SALT cap to $40,000 through 2029, phasing out for incomes above $500,000. Some GOP holdouts, like Rep. Nick LaLota (R-NY), still oppose the provision, arguing it sh...